Business & Finance
Jersey planning for North Sea drilling campaign in 2022
Jersey Oil & Gas has identified a new prospect in the UK North Sea after a subsurface evaluation with plans to carry out a drilling campaign from 2022.
Canadians embark on offshore wind mission in UK
The Newfoundland and Labrador Environmental Industry Association (NEIA) is leading an international business development mission to the UK to help businesses from Atlantic Canada explore opportunities in the offshore wind industry. NEIA’s virtual mission is taking a geographic approach over the cour
Wärtsilä to upgrade Østensjø Rederi vessel duo with hybrid tech
The Finnish technology group Wärtsilä has been selected to retrofit two offshore construction vessels owned by Norwegian operator Østensjø Rederi with a hybrid upgrade solution.
Danish Energy Agency okays Vattenfall’s offshore wind couple
The Danish Energy Agency (DEA) has granted permission for Vattenfall’s Vesterhav Nord and Vesterhav Syd offshore wind projects. The decisions come after the assessment of the supplementary environmental impact assessments (EIAs) for the two wind farms. The go-ahead allows Vattenfall to start the pro
UK to end support for oil and gas projects overseas to tackle climate change
The UK government will end direct support for the fossil fuels energy sector overseas as it works to support the sector’s transition to low-carbon energy.
KPMG wins North Sea Wind Power Hub contract
Energinet has awarded KPMG with a contract for offshore wind market engagement support services for the North Sea Wind Power Hub (NSWPH) project. KPMG will collaborate with the market to lead, refine and structure the plan of approach for the offshore market engagement, as well as prepare and assist
Grimaldi Euromed secures $42.5 million loan to finance Eco Barcelona
Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona. Th
Vestas and MHI seal the deal
Vestas and Mitsubishi Heavy Industries (MHI) have closed the partnership agreement through which Vestas acquires MHI’s shares in the MHI Vestas Offshore Wind joint venture. As reported in October, Vestas and Mitsubishi Heavy Industries signed an agreement for Vestas to acquire MHI’s 50% stake in MHI
Equinor brings online Snorre expansion project
Norwegian energy giant Equinor started production from the Snorre Expansion Project in the North Sea off Norway on 12 December 2020.
Neptune in frame agreement with Neodrill for CAN technology
Neodrill, known for its CAN (Conductor Anchor Node) technology, has signed a frame agreement and announced its first two projects with Neptune Energy.
New terminal to strengthen Gothenburg as Nordic logistics capital
The Port of Gothenburg is the largest port in the Nordic region. 30 per cent of Swedish foreign trade passes through the Port as well as half of all container traffic. The Port of Gothenburg is the only port in Sweden with the capacity to receive the world’s largest container vessels and has the bro
Premier files plans to decommission North Sea pipelines
UK oil and gas company Premier Oil has filed its draft decommissioning program for the Hunter & Rita subsea pipelines to the UK authorities.
Equinor redirects Russian offshore commitments in favour of onshore presence
Equinor has completed an agreement with Rosneft that increases its onshore presence in Russia and redirected its remaining exploration commitments offshore.
Saga Pure ASA pushes forward with investments in green technologies
Saga Pure ASA, formerly known as Saga Tankers, has taken a 21.4 % stake in Bergen Carbon Solutions AS (BCS), a company that has developed a technology for converting CO2 to carbon nanofibers. The investment saw Saga Pure commit to subscribe for NOK 30 million ($3.4 million) in a gross NOK 40 million